Work set to resume at diamond exploration site in Nunavut
Peregrine Diamonds started bringing heavy equipment to the site this week
CBC News
Posted: Mar 12, 2013 4:14 PM CT
Last Updated: Mar 12, 2013 5:03 PM CT
Peregrine Diamonds is getting set to resume work at its Chidliak site in Nunavut.
The diamond exploration project is about 150 kilometres northeast of Iqaluit.
Peregrine Diamonds began moving some heavy equipment from Iqaluit to its Chidliak exploration site this week. (CBC)The company started bringing some heavy equipment overland to the site this week and last weekend.
Company president Brooke Clements said the plan is to collect about 200 tonnes of kimberlite samples in the coming weeks.
Peregrine will also set up a small camp at the site this spring to do more exploration work.
The company has been exploring the Chidliak site since 2007. As of last year, it had found more than 60 kimberlites, a type of rock known for containing diamonds, on the property.
Peregrine recently signed a joint venture agreement with De Beers Canada. Under the deal, De Beers agreed to invest $5 million in Peregrine, and De Beers has until the end of the year to become a majority owner of the Chidliak property.
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